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iBanking Trojan bypasses two-factor authentication and runs free

The is a banking Trojan that disguises itself as a security application for Android devices. The Trojan is distributed through attacks .

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Recently, the source code of the Trojan was leaked on the internet through an underground forum, which gave the opportunity to many cyber-criminals to launch attacks using this malware.

The iBanking malware, once installed on a victim's phone, can spy on the user's communications. The bot allows an attacker to send SMS, redirect calls to any predefined phone number, record sounds using the device's microphone and steal other sensitive data such as call history and phonebook contacts.

According to a new report by its security researchers ESET, iBanking Trojan (Android / Spy.Agent.AF) is targeting Facebook users to trick them into downloading malware.

Malware uses an attack method   to create a fake Facebook verification page and trick social network users like the one shown below:

iBanking-facebook-malware
False verification page prompts users to enter their mobile number to verify the authenticity of their Facebook account and then shows the following page if the victim's mobile is running Android.

iBanking-facebook-malware 1
The next fake page asks the victim to download an Android application from a QR code or using an SMS if for some reason he can not download it. Once downloaded and installed, the malware connects to the administration and control server which allows attackers to give it commands to execute on any infected device.
Since many banking sites use checking two-factor and transaction authorization systems, in order to avoid various threats, criminals started developing malware such as iBanking to bypass two-factor authentication.

The iBanking Trojan can be used in conjunction with any malware to do malicious code on a web page and is generally used to redirect incoming traffic SMS of the infected device.

It is always important to download third-party applications only from trusted sources. You can do this simply by setting the menu / Applications / and turning off "unknown sources".

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Written by giorgos

George still wonders what he's doing here ...

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